Verde AgriTech Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 9.38 million compared to CAD 27.27 million a year ago. Net loss was CAD 3.46 million compared to net income of CAD 6.46 million a year ago. Basic loss per share from continuing operations was CAD 0.066 compared to basic earnings per share from continuing operations of CAD 0.123 a year ago.
For the nine months, sales was CAD 30.81 million compared to CAD 63.43 million a year ago. Net loss was CAD 3.33 million compared to net income of CAD 19.12 million a year ago. Basic loss per share from continuing operations was CAD 0.063 compared to basic earnings per share from continuing operations of CAD 0.372 a year ago.